Ford

Ford Ford Motor Company Industry Analysis The automobile industry began with Henry Ford’s production of the Model T in the early 1900’s. With the creation of the assembly line, cars became cheaper and quicker to produce, thus making them affordable for many people. There were originally 500 auto manufacturers. By 1908, there were only 200; and in 1917 only 23 remained. This vast reduction was due to large amounts of consolidation within the industry. Currently, the major competitors within the industry are Ford, DaimlerChrylser, General Motors (GM), Honda, Toyota, and Volkswagen. A few United States (US) manufacturers produce 23% of the world;s vehicles while Japan are responsible for 21%. The tendency for the industry is to be a global producer of automobiles; parts can be made throughout the world and assembled in many different places. The trend of consolidation has continued throughout today. Presently, this is evident in the recent acquisition of Chrysler by Daimler-Benz in late 1998! , thus forming Daimler-Chrylser. These consolidations have proved beneficial to consumers since companies have been able to reduce costs and pass those savings on to the customers. Some of the other major examples of consolidation are Nissan selling off a controlling 37% interest to ford, years, company, industry, 1998, sales, car, ratio, cars, vehicles, market, manufacturers, number, large, average, stock, million, rate, profit, last, consumers, within, over, largest, growth, earnings, days, current, share, first, competitive, billion, automotive, able, worldwide, world, vehicle, two, trucks, shows, service, price, per, past, one, motor, margin, make, made, interest